Step-Money: Create a Financial Plan
Blended families have unique financial situations. Did you know that long after a divorce an ex-spouse will almost always be entitled to a portion of your retirement? Or if you have kids and get married, then pass away. If your widow remarries and then dies, your assets could go to their surviving spouse and not your children? Don't leave financial matters unattended. Pray and make a plan with your spouse. Meet with an attorney and put it down on paper. Every estate plan will be different.
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About the Guest
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Blended families have unique financial situations. Did you know that long after a divorce an ex-spouse will almost always be entitled to a portion of your retirement? Or if you have kids and get married, then pass away. If your widow remarries and then dies, your assets could go to their surviving spouse and not your children? Don't leave financial matters unattended. Pray and make a plan with your spouse. Meet with an attorney and put it down on paper. Every estate plan will be different.
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Ron Deal
Ron L. Deal is one of the most widely read and viewed experts on blended families in the country. He is Director of FamilyLife Blended® for FamilyLife®, founder of Smart Stepfamilies™, and the author and Consulting Editor of the Smart Stepfamily Series of books including the bestselling Building Love Together in Blended Families: The 5 Love Languages® and Becoming Stepfamily Smart (with Dr. Gary Chapman), The Smart Stepfamily: 7 Steps to a Healthy Family, and ...more
When it comes to stepfamilies, there’s not a one-size-fits-all estate plan.
